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darkoz
darkoz
Joined: Dec 22, 2009
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May 9th, 2021 at 11:33:08 AM permalink
Quote: billryan

I don't invest in currencies. Not that bitcoin is a currency, but I've never invested in one.



Right, I believe you invest in much more solid stuff like comic books and baseball cards
For Whom the bus tolls; The bus tolls for thee
billryan
billryan
Joined: Nov 2, 2009
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May 9th, 2021 at 12:01:00 PM permalink
Quote: darkoz

Right, I believe you invest in much more solid stuff like comic books and baseball cards



I invest in things I know, things that have proven track records, and things that have abundant upsides. I have no idea why that bothers you and honestly, I have better things to do than argue with you. Invest however you want. As will I.
I don't invest in comics. I buy and sell them. Same with baseball cards, art, and real estate. Someday, you may understand the difference between the two, but until then there doesn't seem to be much point in discussing this.
darkoz
darkoz
Joined: Dec 22, 2009
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May 9th, 2021 at 12:09:37 PM permalink
Quote: billryan

I invest in things I know, things that have proven track records, and things that have abundant upsides. I have no idea why that bothers you and honestly, I have better things to do than argue with you. Invest however you want. As will I.
I don't invest in comics. I buy and sell them. Same with baseball cards, art, and real estate. Someday, you may understand the difference between the two, but until then there doesn't seem to be much point in discussing this.



When someone realizes they are wrong they usually resort to deciding there's not much point in discussing it.

Thanks
For Whom the bus tolls; The bus tolls for thee
vegas
vegas
Joined: Apr 27, 2012
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May 9th, 2021 at 12:11:02 PM permalink
I believe that Ethereum will be worth more than Bitcoin eventually. Today Ethereum is at 3,005. and Bitcoin is at 57,600. This is a huge gap but it is closing and will continue. Just the last 6 months and Bitcoin is up 285% and Bitcoin is up 719%. This is a continuing trend.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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May 9th, 2021 at 12:32:49 PM permalink
Crypto is too good to be true, but I wish I had millions of it. People hold too much IMO. Who do you respect more and who would you rather be, a guy with 1 billion in bit coin or a guy with 1 billion in real assets? Yeah maybe the BTC guy will be worth 2 billion but also could be worth 100 million. I'm really skittish. I bought some Coinbase stock but I don't really love it.
I am a robot.
Keeneone
Keeneone
Joined: Aug 16, 2014
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Thanks for this post from:
odiousgambit
May 9th, 2021 at 6:08:38 PM permalink
Quote: darkoz

When someone realizes they are wrong they usually resort to deciding there's not much point in discussing it.

Thanks


Wow, what a post from DO. Sorry, but please be better.


AxelWolf
AxelWolf
Joined: Oct 10, 2012
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May 9th, 2021 at 6:27:24 PM permalink
I have no clue what's up with Crypto and the future. I'm sure a few are legitimate, many are crap. A few will grow up to be monsters. In the meantime, I'll keep investigating, some here and there. I only invest amounts that I don't care of I lose and won't effect me one way or the other.

I been though this with the .com bubble. I made money, but I would have made much more had I got out much earlier.

I can't lose on crypto at this point, I have allraady cashed out many multiple times than I have invested.

I'm under the impression the Crypto market will crash big time at some point and only a few will survive.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
darkoz
darkoz
Joined: Dec 22, 2009
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May 9th, 2021 at 8:31:27 PM permalink
Quote: Keeneone

Wow, what a post from DO. Sorry, but please be better.




Anyone who follows my history on this forum will see I am pretty pigheaded about my positions.

Rarely do I wish not to discuss a topic.
For Whom the bus tolls; The bus tolls for thee
darkoz
darkoz
Joined: Dec 22, 2009
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May 9th, 2021 at 8:38:03 PM permalink
Quote: AxelWolf

I have no clue what's up with Crypto and the future. I'm sure a few are legitimate, many are crap. A few will grow up to be monsters. In the meantime, I'll keep investigating, some here and there. I only invest amounts that I don't care of I lose and won't effect me one way or the other.

I been though this with the .com bubble. I made money, but I would have made much more had I got out much earlier.

I can't lose on crypto at this point, I have allraady cashed out many multiple times than I have invested.

I'm under the impression the Crypto market will crash big time at some point and only a few will survive.



Historically, most currencies have crashed.

The US dollar has crashed most notoriously during the great depression.

The German Mark was totally worthless in 1933.

Fiat currency is technically worthless. If you had a million dollars on a desert island with nowhere to spend it, you have a bunch of worthless paper pretty much.

The crypto that survives will be those that deliver services and there are a number of them out there already.

The disconnect I see on this forum is not understanding some crypto delivers a service. People seem to be under the impression crypto is just some etherealdigital bytes with no purpose, owing success similar to the cabbage patch doll, today's fad.

Crypto that deliver a much needed service will be here as long as the services are required
For Whom the bus tolls; The bus tolls for thee
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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May 10th, 2021 at 12:23:57 AM permalink
I think people buy cryptos on greed and sell on fear. The holdlers are perceived as being hopeful, but it could be delusional in the end. Cryptos are not really currencies, because people do not really use them to buy anything they want. Some can be used for trivial things, but in the end, the transactions are based on real currencies. If such a thing were to be a currency, they do not ruin fiat, they ruin countries. I'm thinking they're analogous to sports picks, they weed out people who have lost on them and retain people who have seen paper gains. They're dangerous and susceptible to implosion. Just looking at etherium yesterday, the thing has gone up 1900% in the last year, how can it retain such an increase without an immense crash? I would not want to lose 70% of the value in the blink of an eye. People need to be careful and protect themselves with their own wisdom.
I am a robot.

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